Central Saanich residential real estate market — Jun 2026

Is Central Saanich a buyer's or seller's market?

As of the latest data, Central Saanich is a balanced market. There are about 4.0 months of inventory — 4 to 7 months is considered balanced. Around 12.0% of homes sold above asking, and the typical sale closed at 98.0% of list price.

How much does a home cost in Central Saanich?

The median sold price for a home in Central Saanich is $1.09M, up 8.0% from a year ago. The average sold price is $1.25M. That works out to roughly $540 per square foot.

Are homes in Central Saanich selling over asking?

12.0% of homes that sold in Central Saanich closed above their list price. The typical home sold at 98.0% of asking — just under list. Among the homes that sold over asking, the median premium was +$13k over asking.

How long do homes take to sell in Central Saanich?

Half of the homes that sold in Central Saanich went under contract within about 31 days — the median days on market. A longer time on market gives buyers more negotiating room.

Are home prices going up or down in Central Saanich?

Median sold prices in Central Saanich are up 8.0% year over year, at $1.09M. Currently 20.9% of active listings have cut their asking price at least once, a sign of steady pricing pressure.

Is now a good time to buy or sell in Central Saanich?

It depends which side you are on. With about 4.0 months of inventory, Central Saanich is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 31 days to sell, so both sides have room to negotiate on price and terms.

What is the best time of year to sell a home in Central Saanich?

Across the past two years, sales activity in Central Saanich has been strongest in May and quietest in December. In Greater Victoria the spring market — roughly March through June — is typically the busiest selling season, when buyer demand and prices tend to peak, with activity easing over the winter.

How many homes are for sale in Central Saanich?

As of the latest data there are 101 active home listings in Central Saanich. Over the period, 497 new listings came to market and 259 sold, which is about 4.0 months of inventory at the current sales pace.

Do homes in Central Saanich sell for more than their assessed value?

The typical home in Central Saanich sold at 104.4% of its BC-assessed value — about 4% above its BC Assessment. Assessments are set once a year and lag the market, so a ratio above 100% is common when prices are rising.

Directional market benchmarks from Repliers MLS, BC Assessment & VREB — not an appraisal or personalized advice.